News
Appointment at Helphire
Helphire has appointmed Alfonso Pickman to the post of country manager, Spain. Mr Pickman joins from...
NU and Homeserve deal
Norwich Union and Homeserve have announced a three-year extension to their existing glazing-supply c...
Marsh launches sidecar
Marsh has launched a sidecar that it is claimed will bring as much as $1bn in new capacity to the ma...
Higos' high street buy
Somerset-based Higos Insurance Services has bought Bristol-based Homesure Direct, which controls £2....
Lockton International appoints final 'top tier' executives
Lockton International said it has now completed the top tier of its management, after the appointmen...
Adjusting firm strikes new affiliate deal
Vanderwal & Joosten, a Netherlands claims adjusting firm, has become an affiliate of McLarens Young International.
Equity buys Open + Direct
Equity Insurance Group has announced its agreement to acquire Northern Ireland based broker Open + Direct Insurance Services for an undisclosed sum. The deal, it claims, will make Equity the largest insurance broker in Northern Ireland.
CNA hires trio to strengthen casualty team
CNA announced today that it has strengthened its London casualty team by making three new key appointments.
Former JLT partner to head up Lockton arm
Lockton International has launched a new specialist department within its professions division to provide risk management and insurance solutions for clients exposed to technology and media risks.
GAB Robins expands team
Loss adjuster GAB Robins has named three new field quality managers and is recruiting for an additional two managers as part of its plan to expand and further enhance its field operations’ capability.
London market broker rebrands and hires heavyweight exec
Broker Cameron Richard and Smith today announced the appointment of a new executive chairman, a new company name - CRS Group - and corporate identity.
Validus files for $200m IPO
Class of 2005 Bermudian (re)insurer Validus Holdings has filed for an IPO with the Securities and Exchange Commission to raise approximately $200m.
Warranty insurer wins local authority deal
New homes warranty provider MD Insurance Services has secured a partnership agreement with the Local Authority Building Control to provide new home warranties.
RSA: disposal statement
Royal and Sun Alliance today said that in accordance with IFRS 5, it will be classifying its US operation as 'held for sale' in its 2006 results. In line with IFRS 5 the US operation will be written down to fair value less any disposal costs in the 2006…
Collins poaches Benfield exec for southeastern US
US reinsurance broker Collins has announced that Scott Fest has joined as senior vice president
Hannover Re raises $106m to support securitisation
Hannover Re has raised a further $106m from investors to support its ‘K5’ risk securitisation, unveiled last year. The ‘K5’ vehicle now stands at $520m.
Tiner to quit FSA
John Tiner, CEO of the Financial Services Authority intends to step down later this year.
FSA gives insurers final warning over adverts
The regulator has warned insurance firms to stop using savings claims which could mislead consumers in their advertising or face regulatory action. The move was predicted by Post Magazine back in November.
Swiss Re launches latest mortality bond
Swiss Re has launched a $705m mortality catastrophe bond via vehicle Vita Capital III Ltd.
Atrium establishes new space consortium at Lloyd's
Atrium is broadening its space coverage as part of a realignment of its underwriting activities in 2007.
Omega pushes up to £275m capacity for 2007
Omega Underwriting has issued a bullish trading update, declaring an increased capacity plan off the back of a new offshore energy account.
AA Insurance: Motor premiums rise the highest since records began
The cost of an average annual car insurance premium rose sharply over the last quarter of 2006 to its highest ever level, the latest benchmark AA British Insurance Premium Index claims.
Morrell joins Direct Choice as deputy MD
AA Insurance has announced that Jon Morrell is to join the business as deputy managing director of its subsidiary, Newmarket-based broker Direct Choice. He will report to its managing director, Adrian Parry.
UK support behind Lloyd's record capacity
Limited liability Names and UK listed corporates have been the mainstay support in helping Lloyd’s increase its capacity for 2007 to a record £16.1bn, a 9% increase on last year’s total of £14.8bn.